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Cambridge MFin fees & funding

We encourage our candidates to start researching all available financial options, saving and making the necessary plans to ensure that they have sufficient resources to finance the course as early as possible.

Financing your MFin is a major commitment, and an early application can help with securing financing, funding or bursaries. This is because many scholarships are awarded early in the year. You will need to have an MFin offer in place before you can apply for them.

The fees for the Master of Finance for 2022/23 are:

Fees (2022/23)

Tuition fee

£49,000

Estimated living expenses

£15,250*

Total

£64,250

*Estimated living expenses will be higher if you are bringing dependents. We recommend that you should budget an additional £7,880 for a dependent adult and an additional £4,770 for each dependent child.

There is an application fee payable of £120.

Living expenses

We will ask you to demonstrate that you have funds to cover your accommodation costs and living expenses during your MFin (September to June). This cost is approximately £15,250.

View estimated accommodation costs for the various Colleges

Additional accommodation and living costs will apply if you decide to stay in Cambridge for the summer term (July and August)

You should also consider whether there are additional costs such as:

  • Set-up costs like buying a laptop, a UK mobile phone, a bike etc
  • Travel to and from Cambridge.
  • Utility bills if you decide to live in private accommodation

Payment schedule and expenses

You must send us your tuition fee in three instalments. The first two instalments act as non-returnable deposits, with the third instalment paying off the remainder of the tuition fee. The table below outlines the fee payment schedule:

Fee payment schedule

Instalment 1: The first instalment of fees is due within one month of receiving your conditional offer

10 per cent of tuition fee

Instalment 2: Due by 1 June or when your unconditional offer is made (whichever is the latest)

20 per cent of tuition fee

Final instalment (i.e. total fee minus instalments 1 and 2). Due by the beginning of September (following your receipt of our invoice)

Remaining 70 per cent balance of tuition fees

How students finance their Master of Finance

Below shows how the MFin class of 2021/22 funded the programme:

  • Family and friends savings: 43%
  • Personal savings: 36%
  • Loans: 8%
  • Scholarships: 7%
  • Employer Sponsorship: 6%

Scholarships

Various scholarships are available to Master of Finance students. These range from Cambridge Judge Business School bursaries and University of Cambridge and College scholarships to external funding.

If you need financial assistance with fees through scholarships, it’s essential to apply for the Cambridge MFin early.

In addition to the funding sources listed in this section, we advise you to explore all types of potential funding opportunities open to you. Consider employer sponsorship and loan and scholarship opportunities in your own country.

Scholarship Amount Eligibility Deadline
MFin Programme Scholarships Varies each year but awards are usually from £5,000 to £15,000. All those who are offered a place on the programme may be considered. Awards are academic merit and needs based. Rolling until awarded
St Catharine’s College Benavitch Scholarship £10,000

Find out more

All candidates with a first class degree or GPA over 3.7.

You will need to specify St Catharine’s as your college preference and apply to be a member of this College in order to be considered for this scholarship.

Closing date TBC
The Central Bank Scholarship Varies but normally around 20 per cent of the MFin tuition fee. The central bank will need to make a matching scholarship contribution. Applicants must work at Central Banks or other ‘Official Sector’ organisations, and must return to their employer on completion of the MFin. This scholarship is intended mainly for emerging economy institutions. Rolling until awarded
Scholarship Amount Eligibility Find out more
British Council Scholarships Varies Candidates from approximately 160 countries are eligible to apply. Find out more
British Marshall Scholarships Tuition fees, various living expenses, airfares to and from the US US citizens who are graduates of US universities and graduated with a GPA of 3.7 or above after April 2019. Find out more
Cambridge Society Bombay Scholarships Up to Indian rupees 250,000 Candidates domiciled in the Indian states of Gujarat, Maharashtra and Goa who have secured admission at a college at the University of Cambridge for undergraduate, postgraduate or short duration courses. Find out more
Chevening Scholarships Varies from part to full funding Applicants must be resident in their home country at the time of their application, and must return to that country on completion of the programme. Find out more
Colfuturo Scholarship/Loan Up to US$50,000 Colombian citizens. Find out more
The Fulbright Commission Postgraduate Award Tuition and maintenance Awards for US citizens to study in UK. Find out more
General Sir Monash Awards AU$70,000 Australian citizens Find out more
Jean Monet Scholarship Programme Varies Turkish citizens. Find out more
LIFE Lebanon Scholarship Varies Candidates must: be Lebanese or of Lebanese descent, be pursuing a degree in the fields of finance, business, STEM, corporate law or liberal arts, be in demonstrable financial need, have and maintain an excellent academic record (at or above 80th percentile), and have drive and ambition to be the next leader in their field. Find out more
Rotary International Global Grants Up to US$30,000 Citizens of countries in which there are Rotary Clubs. Find out more

Please note: this list of external scholarships is not exhaustive. We recommend you research whether organisations in your country provide scholarships or loans for those studying an MFin.

While we aim to ensure accuracy, these scholarships are not administered by Cambridge Judge Business School. You must contact the organisations directly for more detailed information.

Loans

The Prodigy Finance Loan Programme is available to help you finance your Master of Finance programme at Cambridge Judge Business School.

Download the Prodigy student brochure

The Lendwise Loan Programme is available to help you finance the Master of Finance programme at Cambridge Judge Business School. Once you have been offered a place on the programme you can apply directly for a loan through Lendwise’s website.

The StepEx Future Earnings Agreements Programme is available to help you finance the Master of Finance programme at Cambridge Judge Business School. Once you have been offered a place on the programme you can apply directly for finance through StepEx’s website.

The Future Finance Loan Programme is available to help you finance the Master of Finance programme at Cambridge Judge Business School. Once you have been offered a place on the programme you can apply directly for a loan through Future Finance’s website.

Applicants can submit application online up to six months prior to programme start.

For information on other loans available to University of Cambridge students, please see the University’s Graduate Admissions website.

  • UK Government Postgraduate Loans
  • UK Private Graduate Loans (Professional and Career Development Loans)
  • Canadian Loans
  • US Federal Loans

The University of Cambridge is not a lender and is not recommending, endorsing or in any way connected with the above loan providers or their products. The University is providing this for information without guarantee of accuracy. We recommend that candidates investigate all financing options available to them, including local options.